"All of the above did have an impact, however their impact is often overstated in our view. The most significant factor is culture. Some...
“Sacrifice is thus a critical component of value, as it is the use of one’s own limited resources, as that against which all action...
"For decades, economists have pointed to 17th-century tulipmania as a warning about the perils of the free market. Writers and historians have reveled in...